Corporate Performance Sample Clauses
The Corporate Performance clause defines how a company's achievements and results are measured and evaluated, often in relation to set objectives or benchmarks. This clause typically outlines the specific metrics, such as financial targets, operational milestones, or market share goals, that will be used to assess the organization's success over a given period. By establishing clear criteria for performance, the clause ensures transparency and accountability, and it often serves as the basis for determining executive compensation, bonuses, or other incentive programs.
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Corporate Performance. Corporate Performance will be measured using one financial metric - Corporate Adjusted Operating Income, which is defined under this Agreement as GAAP Net Operating Income excluding any unanticipated charges or income not related to the operating performance of MKS. The Corporate Performance Component under this Agreement is based on MKS’ performance during the [insert current year] calendar year. Corporate Performance measurements with respect to this metric for [insert current year] are set forth on Exhibit B hereto. These performance levels were recommended by MKS management and approved by the Compensation Committee of the Board of Directors (the “Committee”). After the conclusion of the [insert current year] fiscal year, the Committee will review MKS’ performance with respect to Corporate Adjusted Operating Income for that year and approve a score based upon achievement of the performance level set forth in Exhibit B ranging from zero to a maximum of 200% (“Corporate Performance Score”).
Corporate Performance. Corporate performance shall be based on the Board-approved Corporate Balanced Scorecard, or another mechanism that the Board approves. In the event the Board of Directors decides to change the factor(s) of corporate performance, the basis for the Corporate Performance Award shall be modified to remain consistent with the corporate performance factor(s) selected by the Board of Directors for the Management Incentive Compensation Plan.
Corporate Performance. Corporate Performance will be measured using one financial metric - Corporate Adjusted Operating Income, which is defined under this Agreement as GAAP Net Operating Income excluding any unanticipated charges or income not related to the operating performance of MKS. The Corporate Performance Component under this Agreement is based on MKS’ performance during the 2016 calendar year. Corporate Performance measurements with respect to this metric for 2016 are set forth on Exhibit B hereto. These performance levels were recommended by MKS management and approved by the Compensation Committee of the Board of Directors (the “Committee”). After the conclusion of the 2016 fiscal year, the Committee will review MKS’ performance with respect to Corporate Adjusted Operating Income for that year and approve a score based upon achievement of the performance level set forth in Exhibit B ranging from zero to a maximum of 200% (“Corporate Performance Score”).